According to the latest report by Reports and Data, the Video Management Software Market is predicted to reach a size of USD 61.52 Billion by 2030, with a revenue CAGR of 22.4% over the forecast period. The market growth is expected to be driven by the increasing concerns about security and the need for real-time video processing and monitoring. IP-based VMS technology is driving market revenue growth, particularly in government organizations, military, airports, and seaports, due to its improved features such as high camera quality, lower cost, and scalability. VMS technologies also provide superior business analytics, which improves the monitoring system.

However, in underdeveloped and developing countries, the lack of skilled technological expertise and concerns about the storage of high-resolution videos and recordings are expected to hinder market revenue growth. Additionally, rising privacy and data security concerns may also hamper market revenue growth. The lack of a stable IT infrastructure in developing countries, as well as the complexities in building, scaling, and configuring an IP system effectively, will also hinder market revenue growth.

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Major Companies:

AxxonSoft, Milestone Systems A/S, NetApp, Senstar Corporation, Johnson Controls, Identiv, Inc., Verint Systems Inc., Genetec Inc., Salient Systems, and March Networks

Here are some key highlights from the report:

• The global Video Management Software Market is expected to reach USD 61.52 Billion by 2030, with a revenue CAGR of 22.4% over the forecast period.
• The IP-based segment is expected to grow at the fastest rate in terms of revenue share due to the increasing use of IP cameras by end-use industries and businesses.
• The data integration segment held the largest revenue share in 2021 and is expected to grow at a faster rate during the forecast period due to the adoption of various security solutions.
• The managed services segment is expected to grow at the fastest rate over the forecast period due to the rising requirement to improve operational efficiency and reduce capital investment.
• The Asia-Pacific region is expected to grow at a faster rate in terms of revenue share during the forecast period due to the shift towards cloud-based video management software in the region and the growing emphasis on smart city initiatives and intelligent transportation systems.
• The transportation, sports stadiums, government, city surveillance, retail, and BFSI sectors are the most appealing end-uses for the video management software industry.
• The report segments the Video Management Software Market based on technology, service, end-use, type of solution, deployment type, and region.

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